Best Banks in Tennessee

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Contributor, Benzinga
June 2, 2022

Quick Look: The Best Banks in Tennessee

Ready for a new bank but don’t know where to start? Tennessee offers a slew of banks, but there’s only a handful that are ideal for your unique financial situation. 

Start with Benzinga’s review of the best banks in the state to find your match today.

Axos Bank 

Axos Bank is an online bank that offers personal, business and partner banking. You’ll find checking accounts, savings accounts, mortgages, auto loans, personal loans and investment support. 

Axos Bank is known for its 5 unique checking accounts. It also offers checking accounts that deposit your paychecks up to 2 days faster, reimburse your ATM fees, earn interest on your balance and give you cash back. 

Manage your accounts any time online or through Axos’ mobile app. Axos’ mobile banking lets you check your account balance, transfer funds, pay bills, view your transaction history and contact customer service. Both the mobile app and the online website are encrypted to make sure your personal information is secured. 

  • securely through Axos Bank Savings's website
    securely through Axos Bank Savings's website
    Best For:
    No Maintenance Fees


Chase is the consumer and commercial subsidiary of multinational financial services holding company J.P. Morgan Chase. Chase offers consumers credit cards, checking accounts, savings accounts, mortgages, home equity lines of credit, auto loans, financial planning and investing services.

Investing is done primarily through J.P. Morgan. Customers that open a new You Invest℠ Trade account may earn up to $725 as a bonus offer. 

Chase has a team of business professionals that can help improve your business’ cash flow, provide credit solutions and manage payroll. You can access business checking accounts, savings accounts, credit cards, debit cards and more. And it’s easy to manage your accounts through online and mobile banking.  

  • securely through Chase Bank's website
    securely through Chase Bank's website
    Best For:
    Best for Checking Account Variety

    *With Chase Overdraft AssistSM, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.


BBVA opened its 1st location in Birmingham, Alabama in 1964. Since then, the bank has expanded throughout the United States and developed its online banking services. Now you can open a BBVA checking or savings account without ever walking into a branch. 

BBVA offers both online banking and mobile banking. It’s award-winning mobile app is a simple and convenient way to manage your finances. BBVA manages remote customer service exceptionally well. You can reach out to your personal banker via text, email or telephone. 

Along with checking and savings accounts, you’ll have access to credit cards, loans, mortgages and investments. You can also consolidate your debt with a BBVA Express Personal Loan. This loan compiles your debt into a single payment at a low-interest rate. 

CIT Bank 

CIT Bank works with personal customers, businesses, commercial clients and community associations. CIT Bank offers its services online and through mobile banking. 

You can deposit checks, transfer funds, monitor your accounts, view your transaction history and pay your bills whenever you are. You can also open an eChecking account online that will earn interest without charging you any fees. Everything can be managed from the comfort of your home at any time. 

CIT Bank’s most impressive features are its savings accounts and savings products. Whatever your financial goals are, CIT Bank has a savings product designed to help you get there. There are several different savings accounts with different terms and interest rates. You can also save your money in a money market account and in various certificates of deposit (CDs). 

  • securely through CIT Bank's website
    securely through CIT Bank's website
    Best For:
    Business and Personal Checking

U.S. Bank 

U.S. Bank offers personal banking, business banking and wealth management. U.S. Bank has branches and ATM locations in over 40 locations across Tennessee. 

U.S. Bank also offers online and mobile banking. You can pay your bills, deposit checks, transfer funds, review your statements and more with it’s digital tools. 

You can access checking accounts, savings accounts, credit cards, mortgages, refinancing options, loans, credit lines and get help with investments and retirement. Business owners can open business checking and savings accounts. U.S. Bank also offers lending options, credit cards, merchant services and payroll services for businesses. 

First Citizens Bank

First Citizens Bank is a unique outfit that offers both banking locations and online services. You can open a checking or savings account online, manage the account through the website or mobile app, earn interest on your balance and enjoy other banking options like credit cards, loans, CDs, etc. that are available.

You can earn up to 0.03% on your savings balance—which is compounded daily—or you can earn 0.01% on your checking balance. The Free Checking account only has a $50 minimum deposit while Premier and Prestige only require a $100 deposit. The qualifiers to avoid monthly maintenance fees are easy to reach in most cases, and there are very few drawbacks when using these services.

Frequently Asked Questions

Q: What are certificates of deposit (CDs)?

A: A CD is a deposit for a set amount of time. You won’t be able to access your money during the duration of the CD, but you’ll receive your entire deposit plus additional interest when the CD expires. The longer timeline on your CD, the higher interest rate you’ll receive.

Q: What do I need to open a bank account?

A: Banks will ask you for your identification, Social Security number and personal information. There may be additional requirements as well. Contact your chosen bank for specific requirements.

Find the Right Bank

The right bank will provide the service and tools to help you easily manage your finances. Start with our list of recommended banks, and don’t be afraid to ask questions to learn more. Today’s market offers a variety of unique services and perks. There is a bank that’s perfect to help you meet your financial goals.


To determine the best banks in Tennessee, Benzinga analyzed over 100 banks and financial institutions. We gave weight to banks in Tennessee with co-op ATMs and cash-back options. We also gave greater rankings to banks which offered the following: checking and savings accounts, online banking, personal loans, mortgages, educational resources, and a mobile app.

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